Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Aster against GRVT+0.151%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 7 days−0.182%−$18 · spread now +0.151%, 7d avg −0.029%

Together, before fees−0.307%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.179% dearer against GRVT than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MU_USDT_Perp	1,040.5	0	get 0.0000% / 8h	2h 57m	$83K	$1.4M	10x
Short	Aster MUUSD1	1,042	0	get 0.0000% / 8h	2h 57m	$21.2M	$57.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee AsterbpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → −0.029%: $17.92
Slippage, 4 orders: −$12.21
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$11.29
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Aster: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 1 min ago	0.10 bp	6.0 bp −$6	8.0 bp −$80	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.68 bp	7.8 bp −$8	19.6 bp −$196	doesn't fit	doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0910%	4h	1,040.2	−0.025%	$1.3M	$673K	10x	as long as short
Aster MUUSD1short	0.0000%	8h	1,042	+0.151%	$21.2M	$57.2M	20x
Binance MUUSDT	0.0000%	8h	1,042.1	+0.160%	$123.0M	$526.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,042.2	+0.165%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.2	+0.164%	$30.5M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.5	+0.098%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.6	+0.107%	$61.9M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,042.2	+0.165%	$20.5M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.9	−0.058%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perplong	0.0000%	8h	1,040.5	long leg	$83K	$1.4M	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,040.9	+0.037%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043.2	+0.259%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,041.9	+0.138%	$128K	$439K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,040.9	+0.040%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,041.1	+0.058%	$7.0M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.8	+0.131%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041.5	+0.098%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.047%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040.6	+0.016%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.5	+0.100%	—	$176K	25x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0048%	1h	1,041.5	+0.102%	$73K	$496K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.2	+0.070%	$169K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.3	−0.110%	$1.8M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0050%	1h	1,041	+0.050%	$280K	$821K	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,041.3	+0.077%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0056%	1h	1,041.5	+0.099%	$177.0M	$95.1M	10x	as long as short
SoDEX MU-USD	+0.0063%	1h	1,041.2	+0.073%	$683K	$16K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041.4	+0.093%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0092%	1h	1,041.9	+0.142%	$26K	$392K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041	+0.054%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.5	+0.094%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.5	0.000%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,041.8	+0.132%	$828	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.1	+0.158%	$1.5M	$2.0M	20x	as long as short
Lighter MU	+0.0144%	1h	1,041.7	+0.121%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,041.2	+0.069%	$746K	$1.1M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,040.7	+0.022%	$532K	$270K	15x	as long as short